Contents tagged with Alfa Bank
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Russia’s largest private bank believes the country is losing GDP annually due to sanctions
The largest private bank in Russia estimated that the Russian economy lost 0.5% of GDP due to sanctions. Because of this, the entire positive effect of the actions of the Central Bank has been negated.As indicated in the report of the chief economist of Alfa Bank, Natalia Orlova, the losses are caused by diminished possibilities in attracting financing from abroad as a direct result of the sanctions on certain companies.
The current US sanctions impose significant restrictions in the provision …